New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Use the state tabs at the bottom of the Apportionment Information window to enter state-specific apportionment information. State tabs appear only if you have added states to the return and if additional apportionment information is required.
To enter state-specific apportionment information, click the appropriate state tab at the bottom of the Apportionment Information window.
Special information for processing California returns
UltraTax CS provides predefined statement dialogs for factor components requiring detail information. UltraTax CS uses the information you enter in the statement dialogs in the Everywhere column on the form for that component. UltraTax CS ignores amounts from the Everywhere / (Override) column for that component.
Fields & buttons
General information group box
UltraTax CS uses the information you enter in this group box to complete form fields and answer questions that are not addressed in the Apportionment spreadsheet.
Enter 1 if more than 50 percent of gross business receipts are from agricultural, extractive, or certain financial activities, and UltraTax CS uses the three-factor method of apportionment with a single-weighted sales factor to calculate the average apportionment percentage. Enter 2 or leave the field blank and UltraTax CS uses the single sales factor. Enter the code directly or select from the drop-down list.
The activities that use the three-factor method of apportionment are:
- Extractive or agricultural business activities are qualified business activities for all taxable years beginning on or after January 1, 1993. Extractive business activities are activities relating to the production, refining, or processing of oil, natural gas, or mineral ore. Agricultural business activities means activities relating to any stock, dairy, poultry, fruit, furbearing animal, truck farm, plantation, ranch, nursery, or range. Other activities may qualify. See R&TC Section 25128(d)(2) and Cal. Code Regs., tit.18 sections 25128, 25128-1, and 25128-2 for more information.
- Savings and loan activities are qualified business activities for taxable years beginning on or after January 1, 1994. A savings and loan activity means any activity performed by savings and loan associations or savings banks which have been chartered by federal or state law.
- Banking or financial business activities are qualified business activities for taxable years beginning on or after January 1, 1996. A banking or financial business activity means activities attributable to dealings in money or moneyed capital in substantial competition with the business of national banks.
Combined members group box
UltraTax CS uses the information you enter in this group box to complete fields on the Apportionment Detail Worksheet that correspond to intercompany adjustments (subtractions) shown on Schedules 5-A and 5-C of FTB Publication 1061, Guidelines for Corporations Filing a Combined Report. These amounts also print in statement detail on Schedule R-1, Page 3.
UltraTax CS transfers the information you enter to the California Property and Property Everywhere fields on the Apportionment Detail Worksheet in the Property Factor section, taking the average of the beginning of year (BOY) and end of year (EOY) amounts.
UltraTax CS transfers the information you enter to the California Property and Property Everywhere fields on the Apportionment Detail Worksheet in the Property Factor section.
UltraTax CS transfers the information you enter to the California Sales and Sales Everywhere fields on the Apportionment Detail Worksheet in the Sales Factor section.
Apportionment Form Combination Tables guide
Click the following link to view the Apportionment Form Combination Tables Guide. These tables describe how fields from the Apportionment Information spreadsheet and the apportionment tab, if applicable, are combined onto the apportionment form.
Apportionment Form Combination Tables Guide (PDF)
UltraTax CS
